Property Articles

Bringing you the latest commercial property market news from NZ Herald and TrueCommercial.

  • Another unit on offer in Rotorua’s Redwood Centre

    Another unit on offer in Rotorua’s Redwood Centre

    A planned sell down of commercial units within urban Rotorua’s Redwood Centre retail and healthcare hub has seen a unit housing Liquorland and Don Kebab stores to be the latest placed on the market for sale. The 4500 sq m Redwood Centre some three kilometres east of Rotorua’s central business district opened in February last year with 21 tenancies signing up to be part of the hub.

    Date Oct 2014

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  • Huge sale of land interests around Napier Port

    Huge sale of land interests around Napier Port

    A large and well-diversified portfolio of industrial and mixed use land offering significant growth potential in commercial and industrial areas surrounding Napier Port in Hawkes Bay has come up for sale. Marketed on behalf of Corunna Bay Holdings Limited (CBHL) and Iron Pot Investments Limited (IPIL) by Bruce Catley and John Bedford of CBRE, the properties in the 365,000 sq m portfolio are being offered together or separately via a deadline private treaty campaign, with offers closing on Wednesday November 12.

    Date Oct 2014

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  • Solid industrial Henderson investment property

    Solid industrial Henderson investment property

    Brokers marketing a big industrial property in Henderson say it presents a good opportunity to secure a West Auckland quality industrial holding at a competitive price. “This is a solid investment, currently generating annual net rent of $460,000,” says Chris Upright of Colliers International who, with colleague Dwayne Warby, is selling the property at 17-19 Paramount Drive by deadline treaty closing at 4 pm on November 5 unless it sells earlier.

    Date Oct 2014

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  • Takapuna building could be new tower site

    Takapuna building could be new tower site

    A high profile corner site occupied by a three level commercial building in central Takapuna could be suitable for a multi-storey development of up to 18 storeys under proposed new zoning and is being marketed as an excellent “add-value” investment opportunity. “This strategic Takapuna CBD site at 529-533 Lake Rd will always be a highly desirable location,” says Matt Prentice of Colliers International who, with colleague Shoneet Chand, is selling it by deadline private treaty, closing on November 6 unless it sells before that date by negotiation.

    Date Oct 2014

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  • Park with multiple income streams offers lifestyle change

    Park with multiple income streams offers lifestyle change

    Three Waikato businesses comprising the Otorohanga Holiday Park, laundry and fitness centre are being offered for sale as freehold going concern operations for an asking price of $1,799,000. “All three businesses are set on 1.792 freehold hectares and are within walking distance to the main street of Otorohanga,” says Mark Prujean at ABC Business Sales who is marketing them exclusively.

    Date Oct 2014

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  • Spruced up TAB building good bet for tenants

    Spruced up TAB building good bet for tenants

    Redeveloped Mitchelson House, that was formerly owned by the Totalisator Agency Board (TAB) in Ellerslie is offering modern office tenancies for lease with easy access to the nearby State Highway One motorway. “Level One of the refurbishment at 6 Mitchelson St is complete,” says Vanessa Coles of master agency Barfoot & Thompson Commercial, who with colleague Ben Johnson, is presenting the building for lease on behalf of Haast Investments Ltd.

    Date Oct 2014

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  • Three top Penrose units occupied by high profile tenant

    Three top Penrose units occupied by high profile tenant

    Three high profile Penrose commercial units leased to well known property development company Southpark Corporation are being marketed for sale as ideal investment properties. In separate stratum in freehold titles, Units B, D and E at 419 Church St East are being offered to prospective purchasers as a single package buy or as individuals units.

    Date Oct 2014

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  • Prime industrial sites on market

    Prime industrial sites on market

    Two prime and well-positioned Auckland industrial properties in Penrose and Otahuhu have come to the market at a time when strong demand from occupiers has driven industrial vacancy to historically low levels. Sam Smith, national director for JLL's industrial sales and leasing team, and colleague Ben Pilley are marketing the properties via a sole agency and expressions of interest.

    Date Oct 2014

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  • Mangere Bridge site spans many possibilities

    Mangere Bridge site spans many possibilities

    For the first time in 50 years, a multi-purpose commercial property has been put on the market in the popular commercial location of Mangere Bridge. Marketed by Paul Jarvie and Hamish West of Colliers International, the 1.69 hectare property at 8 Kirkbride Rd, Auckland, is for sale by deadline private treaty closing on Thursday October 23. Jarvie says it’s located on the edge of Mangere Bridge’s residential area and comes with the added appeal of a sale and lease-back offer from the vendor.

    Date Oct 2014

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  • Hot property and business north of Auckland

    Hot property and business north of Auckland

    A boutique lodge 40 minutes’ north of Auckland with private geothermal spas and an adjoining section of land in an area catering to a flourishing domestic tourism sector has been placed on the market for sale as a property and going concern business. “Parakai Springs Lodge located 43 km northwest of Auckland, has provided luxury accommodation to a growing range of visitors since it opened a year ago,” says Grant Miller of Bayleys Auckland Central who, with colleague Shiona Dyer, is calling for expressions of interest in the lodge and land closing on October 23.

    Date Oct 2014

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  • Scarce bare land sites a developer’s dream

    Scarce bare land sites a developer’s dream

    Two vacant commercial and industrial blocks of bare land to the south of Auckland city have been placed on the market for sale and are featured in Bayleys’ latest Total Property portfolio. The sites, one near Sylvia Park in Mt Wellington and the other within the airport business precinct at Mangere, are expected to attract proactive developers and owner occupiers in the region who have been scouting around for opportunities in a market starved of development opportunities with any scale.

    Date Oct 2014

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  • Rare A-grade industrial complex

    Rare A-grade industrial complex

    An A-Grade property modern industrial complex is being offered for sale at 13 Ha Crescent, Wiri, in south Auckland at a time when the market is facing a scarcity of such high quality properties. “The sale of this property on behalf of Stevens Ltd represents a rare opportunity to acquire a building of excellent quality in a strategic location,” says Paul Steele, associate director or CBRE who, with colleagues Mark Bramwell and Scott Soroka, is marketing it for sale by deadline private treaty closing at 4 pm on Thursday October 30 unless it sells earlier by negotiation.

    Date Oct 2014

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  • High-visibility retail unit up for auction

    High-visibility retail unit up for auction

    A retail unit with a modern design-built showroom on a highly visible North Shore corner site in the heart of Wairau Valley will go under the hammer at the end of this month. “This property is fully occupied with a long term, secure tenant,” says Dave Lane of NAI Harcourts North Shore who is marketing Unit B at 234 Archers Rd for sale by auction to be held at 12 pm on Thursday October 30 at the Harcourts Auction Room, 400 Beach Road, Mairangi Bay – unless the unit sells earlier by negotiation.

    Date Oct 2014

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  • Call out to build superyacht refit yards

    Call out to build superyacht refit yards

    Expressions of interest are now being invited from marine and superyacht refit and yard operators and other parties interested in the development of a marine site on the Auckland waterfront in the Wynyard Quarter. Waterfront Auckland - an Auckland Council entity - is offering a long-term leasehold interest in 16,241sq m of marine zoned land at 164-168 Beaumont St, immediately adjacent to Silo Marina, along with a water space licence over an area of 10,663sq m.

    Date Oct 2014

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  • City fringe duo with big potential for development

    City fringe duo with big potential for development

    Two industrial properties in the city fringe suburbs of Grey Lynn and Eden Terrace are being marketed for sale to purchasers with an eye for development potential. The first, a factory premises at 26 Monmouth St, Grey Lynn, is being marketed by Murray Tomlinson and Reese Barragar of Barfoot & Thompson Commercial, and will be auctioned at 10.30 am on Wednesday, November 5 at the agency's Shortland St auction room unless it is sold earlier.

    Date Oct 2014

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  • Howick units give a tasty opportunity

    Howick units give a tasty opportunity

    The property housing Howick's popular Shiraz bar and restaurant in a high profile position across the road from the recently refurbished Countdown Meadowlands Plaza is for sale. "Shiraz has a single lease over the two A and B units at 113 Meadowland Drive in Somerville," said Barfoot & Thompson Commercial agent Paul Vermaak.

    Date Oct 2014

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  • Town centre could rise around new rail station

    Town centre could rise around new rail station

    One of the biggest remaining parcels of development land in metropolitan Auckland is being promoted for sale as offering a chance to master-plan and develop a big mixed-use project around a major suburban transport hub. The 5.8ha block of Mt Wellington land is on 14 titles at 81-107 Jellicoe Rd, 127-131 and 143 Pilkington Rd.

    Date Oct 2014

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  • Gateway location is key to motor lodge’s success

    Gateway location is key to motor lodge’s success

    Whangarei’s Cheviot Park Motor Lodge, occupying a high profile position on the corner of Western Hill Drive, which doubles as State Highway One, and Cheviot St in the suburb of Woodhill, has been put on the market. “The vendors have operated this successful motor lodge business for a number of years and have now decided to see it as freehold going concern business along with its land and buildings,” says Darcy Snowden of Christopher Brown & Associates Ltd who is marketing it for a total asking price of $2,850,000 plus GST if any.

    Date Oct 2014

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  • Royal Oak and Henderson shops for sale

    Royal Oak and Henderson shops for sale

    Three retail shops in two high profile Auckland locations - Lincoln Rd, Henderson and in the Royal Oak Shopping Mall - are for sale as part of Bayleys’ latest Total Property commercial and industrial portfolio. The three buildings are being marketed through Bayleys Auckland Central salespeople Matt Lee, James Chan, Quinn Ngo and Owen Ding; and will be sold by auction on October 22.

    Date Oct 2014

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  • Prime sites are a magnet for passers-by

    Prime sites are a magnet for passers-by

    Four Auckland city retail investment properties in one of the highest levels of foot traffic in New Zealand at the corner of Queen St and Mayoral Drive are to be auctioned later this month. Shops 5, 9, 17 and a freehold title, are within a large retail complex in a high profile location at 396 Queen Street. The four are being marketed by Bayleys salesperson Millie Liang and will be sold by auction on October 22.

    Date Oct 2014

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